Bristlecone Value Partners LLC Takes Position in Johnson Controls International plc $JCI

Bristlecone Value Partners LLC acquired a new stake in shares of Johnson Controls International plc (NYSE:JCI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,881 shares of the company’s stock, valued at approximately $1,423,000. Johnson Controls International comprises 1.6% of Bristlecone Value Partners LLC’s holdings, making the stock its 17th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Maseco LLP raised its position in shares of Johnson Controls International by 102.9% during the fourth quarter. Maseco LLP now owns 211 shares of the company’s stock valued at $25,000 after buying an additional 107 shares during the last quarter. Roxbury Financial LLC raised its position in shares of Johnson Controls International by 71.9% during the fourth quarter. Roxbury Financial LLC now owns 239 shares of the company’s stock valued at $29,000 after buying an additional 100 shares during the last quarter. Twin Tree Management LP raised its position in shares of Johnson Controls International by 140.9% during the fourth quarter. Twin Tree Management LP now owns 260 shares of the company’s stock valued at $31,000 after buying an additional 895 shares during the last quarter. YANKCOM Partnership bought a new stake in Johnson Controls International in the fourth quarter worth $34,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Johnson Controls International in the fourth quarter worth $38,000. Institutional investors own 90.05% of the company’s stock.

Wall Street Analyst Weigh In

JCI has been the topic of several research reports. Wolfe Research restated an “outperform” rating and issued a $171.00 price target on shares of Johnson Controls International in a research report on Wednesday, June 3rd. Barclays boosted their price target on shares of Johnson Controls International from $136.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Jefferies Financial Group boosted their price target on shares of Johnson Controls International from $125.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, April 15th. Robert W. Baird boosted their price target on shares of Johnson Controls International from $132.00 to $148.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company boosted their price target on shares of Johnson Controls International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $152.85.

Insider Buying and Selling at Johnson Controls International

In other Johnson Controls International news, VP Lei Zhang Schlitz sold 88,809 shares of Johnson Controls International stock in a transaction on Friday, May 8th. The shares were sold at an average price of $140.99, for a total transaction of $12,521,180.91. Following the completion of the transaction, the vice president directly owned 57,059 shares of the company’s stock, valued at $8,044,748.41. The trade was a 60.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Todd M. Grabowski sold 1,800 shares of Johnson Controls International stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $146.20, for a total transaction of $263,160.00. Following the transaction, the vice president directly owned 26,215 shares of the company’s stock, valued at $3,832,633. The trade was a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Johnson Controls International Trading Up 0.6%

Shares of JCI opened at $144.83 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.85 and a current ratio of 1.04. The company’s fifty day moving average is $140.40 and its 200 day moving average is $130.73. The stock has a market capitalization of $88.36 billion, a PE ratio of 25.91, a P/E/G ratio of 1.57 and a beta of 1.32. Johnson Controls International plc has a fifty-two week low of $100.86 and a fifty-two week high of $149.10.

Johnson Controls International (NYSE:JCI) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.19 EPS for the quarter. The company had revenue of $6.14 billion during the quarter. Johnson Controls International had a net margin of 14.45% and a return on equity of 19.50%. Sell-side analysts expect that Johnson Controls International plc will post 4.86 earnings per share for the current fiscal year.

Johnson Controls International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Monday, June 15th. Johnson Controls International’s payout ratio is presently 28.62%.

Johnson Controls International Company Profile

Johnson Controls International plc is a global diversified technology and multi?industrial company that develops products, services and solutions for buildings and energy storage. The company’s core focus is on improving building efficiency, safety and sustainability through a combination of HVAC equipment, building controls and automation, fire and security systems, and related services. Johnson Controls traces its roots to 1885, when inventor Warren S. Johnson developed an electric room thermostat; over its long history the company has expanded from controls into a broad set of building?related technologies and, through corporate transactions, into a global provider of integrated building solutions.

Johnson Controls’ product and service portfolio includes heating, ventilation and air?conditioning equipment, chillers, air handlers and related mechanical systems, together with building automation and control platforms that monitor and manage energy use, indoor environmental quality and security.